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Here’s the quote from the earnings call that was on Friday. Obviously seniors have always had some degree of deferred comp, but appears they’re trying to make it no longer a mix, and truly all deferred comp.

“And then finally, and a topic I know you've been quite vocal around, we are also making changes to compensation. So, more of our senior business leaders will be on the PSUs for this coming year. We've moved to 100% deferred stock versus a mix of stock and cash in the geographies that we're permitted to do so.”

 

Here's the quote from the earrings call that was on Friday. Obviously seniors have always had some degree of deferred comp, but appears they're trying to make it no longer a mix, and truly all deferred comp.

"And then finally, and a topic I know you've been quite vocal around, we are also making changes to compensation. So, more of our senior business leaders will be on the PSUs for this coming year. We've moved to 100% deferred stock versus a mix of stock and cash in the geographies that we're permitted to do so."

That’s not for banking or S&T - more for business unit heads and execs at the corporate level 

no fucking banker would ever take a role with 100% deferred comp 

 

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